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Budget may skip big-bangroute

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The Budget 2017 18 isexpected to focus on recasting and reorienting existing flagship programmes of the Narendra Modi government, with
added funds
to ensure their completion before the next general elections and alsoensure benefits of such schemes reachthe last mile.

Officials said the rural developmentsector,inparticular, couldseeajumpinallocations in all its major schemes and programmes,followedbyschemes
related to poverty alleviationand the socialsector. The possibility of as lew of big schemes and mega announcements looks remote, with the exception
of revising
income tax slabs to mollifythe middle classes and areferenceto the basic income transfer scheme.

The budgetary outlay could see significant increase in infrastructure,social sector schemes,micro, small and medium enterprises, rural sector and
job creation.

Officials say that aslong as the government can ensure last-mile delivery and better targeting of beneficiaries, the existing programmes are
sufficient to reach
out to millions who work in the informal sector,to rural India as also the salaried classes.

|Focus on adequately funding existing schemes to ensure their timely completion before the next general elections

|Rural development sector, schemes related to poverty alleviation,social sector could see recast and reorientation

|No major alteration in indirect taxes likely,as the GSTis expected to take care of them

|Possibility of big-ticket announcements looks remote, thought weaking in taxrates and income transfer is a possibility

|The small and medium sector,hit hard by demonetisation,could see somesops;ditto micro-irrigation

23RD JANUARY, 2017, BUSINESS STANDARD , NEW - DELHI

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